{
\def\sym#1{\ifmmode^{#1}\else\(^{#1}\)\fi}
\begin{longtable}{l*{6}{c}}
\caption*{Table A13: Full Specification for Table A3, Bought Durables Indicator vs. Year-Ahead Expectations, Baseline Sample, GEE Logit estimation}\\
\toprule\endfirsthead\midrule\endhead\midrule\endfoot\endlastfoot
                                             &\multicolumn{1}{c}{(1)}         &\multicolumn{1}{c}{(2)}         &\multicolumn{1}{c}{(3)}         &\multicolumn{1}{c}{(4)}         &\multicolumn{1}{c}{(5)}         &\multicolumn{1}{c}{(6)}         \\
\midrule
Inflation Expectation                        &       0.041         &       0.030         &       0.026         &      -0.078         &       0.047         &       0.118         \\
                                             &     (0.044)         &     (0.051)         &     (0.053)         &     (0.083)         &     (0.085)         &     (0.082)         \\
Inflation Uncertainty                        &       0.003         &       0.055         &       0.068         &       0.021         &      -0.058         &      -0.067         \\
                                             &     (0.058)         &     (0.066)         &     (0.066)         &     (0.092)         &     (0.135)         &     (0.126)         \\
Household Income (Log)                       &                     &       0.661\sym{**} &       0.641\sym{**} &      -0.952         &      -1.050         &      -0.628         \\
                                             &                     &     (0.292)         &     (0.291)         &     (0.821)         &     (0.911)         &     (0.894)         \\
Monthly Payments (Log)                       &                     &      -0.080         &      -0.073         &      -0.145         &      -0.127         &      -0.120         \\
                                             &                     &     (0.074)         &     (0.080)         &     (0.232)         &     (0.231)         &     (0.233)         \\
Expects Interest Rate Increase                              &                     &       0.409         &       0.411         &       0.214         &       0.144         &       0.166         \\
                                             &                     &     (0.257)         &     (0.265)         &     (0.359)         &     (0.377)         &     (0.391)         \\
Expects Interest Rate Decrease                              &                     &       0.505         &       0.489         &       0.469         &       0.497         &       0.552         \\
                                             &                     &     (0.682)         &     (0.706)         &     (0.904)         &     (0.896)         &     (0.922)         \\
Real Wage Expectation                        &                     &       0.014         &       0.011         &      -0.083         &      -0.088         &      -0.086         \\
                                             &                     &     (0.015)         &     (0.015)         &     (0.059)         &     (0.061)         &     (0.063)         \\
Wage Uncertainty                             &                     &       0.044         &       0.041         &       0.223\sym{**} &       0.209\sym{**} &       0.203\sym{**} \\
                                             &                     &     (0.056)         &     (0.057)         &     (0.087)         &     (0.091)         &     (0.093)         \\
No Mortgage Indicator                                &                     &      -0.134         &      -0.100         &      -0.596         &      -0.367         &      -0.226         \\
                                             &                     &     (0.423)         &     (0.457)         &     (0.619)         &     (0.652)         &     (0.648)         \\
Age                                          &                     &       0.010         &       0.011         &       0.001         &       0.004         &       0.004         \\
                                             &                     &     (0.020)         &     (0.020)         &     (0.021)         &     (0.025)         &     (0.025)         \\
Non-White                                  &                     &       0.661         &       0.644         &       0.881\sym{*}  &       0.637         &       0.706         \\
                                             &                     &     (0.423)         &     (0.452)         &     (0.470)         &     (0.442)         &     (0.477)         \\
Female                                     &                     &       0.195         &       0.240         &       0.190         &       0.470\sym{*}  &       0.474\sym{**} \\
                                             &                     &     (0.241)         &     (0.258)         &     (0.234)         &     (0.251)         &     (0.237)         \\
Retired                                    &                     &      -0.137         &      -0.172         &       0.055         &       0.108         &      -0.004         \\
                                             &                     &     (0.449)         &     (0.439)         &     (0.438)         &     (0.424)         &     (0.399)         \\
Homeowner                                  &                     &       0.153         &       0.250         &      -0.912         &      -0.657         &      -0.427         \\
                                             &                     &     (0.612)         &     (0.635)         &     (1.471)         &     (1.551)         &     (1.454)         \\
House Price Expectation                      &                     &       0.034\sym{**} &       0.032\sym{**} &       0.009         &       0.013         &       0.012         \\
                                             &                     &     (0.014)         &     (0.016)         &     (0.022)         &     (0.021)         &     (0.021)         \\
Expects Unemployment Increase                                  &                     &                     &      -0.552         &      -1.579\sym{***}&      -1.729\sym{***}&      -1.821\sym{***}\\
                                             &                     &                     &     (0.365)         &     (0.407)         &     (0.422)         &     (0.420)         \\
Expects Unemployment Decrease                                  &                     &                     &      -0.215         &      -0.140         &      -0.069         &      -0.101         \\
                                             &                     &                     &     (0.378)         &     (0.545)         &     (0.543)         &     (0.557)         \\
Mean Inflation Expectation                   &                     &                     &                     &       0.141         &       0.134         &       0.064         \\
                                             &                     &                     &                     &     (0.124)         &     (0.121)         &     (0.126)         \\
Mean Inflation Uncertainty                   &                     &                     &                     &       0.084         &       0.077         &       0.111         \\
                                             &                     &                     &                     &     (0.163)         &     (0.164)         &     (0.166)         \\
Mean Log Household Income                    &                     &                     &                     &       1.781\sym{**} &       2.073\sym{**} &       1.733\sym{*}  \\
                                             &                     &                     &                     &     (0.822)         &     (0.871)         &     (0.907)         \\
Mean Log Monthly Payments                    &                     &                     &                     &       0.038         &      -0.020         &      -0.022         \\
                                             &                     &                     &                     &     (0.244)         &     (0.240)         &     (0.241)         \\
Mean Expects Interest Rate Increase          &                     &                     &                     &       0.173         &       0.543         &       0.318         \\
                                             &                     &                     &                     &     (0.496)         &     (0.548)         &     (0.541)         \\
Mean Expects Interest Rate Decrease          &                     &                     &                     &      -0.104         &      -0.132         &      -0.042         \\
                                             &                     &                     &                     &     (1.143)         &     (1.052)         &     (1.045)         \\
Mean Real Wage Expectation                   &                     &                     &                     &       0.113\sym{*}  &       0.114\sym{*}  &       0.107         \\
                                             &                     &                     &                     &     (0.063)         &     (0.069)         &     (0.070)         \\
Mean Wage Uncertainty                        &                     &                     &                     &      -0.237\sym{**} &      -0.300\sym{***}&      -0.310\sym{***}\\
                                             &                     &                     &                     &     (0.118)         &     (0.107)         &     (0.106)         \\
Mean No Mortgage Indicator                   &                     &                     &                     &       0.342         &       0.121         &       0.102         \\
                                             &                     &                     &                     &     (0.824)         &     (0.822)         &     (0.851)         \\
Mean Homeowner                               &                     &                     &                     &       1.147         &       0.856         &       0.841         \\
                                             &                     &                     &                     &     (1.589)         &     (1.708)         &     (1.626)         \\
Mean House Price Expectation                 &                     &                     &                     &       0.051         &       0.063\sym{*}  &       0.071\sym{**} \\
                                             &                     &                     &                     &     (0.033)         &     (0.034)         &     (0.033)         \\
Mean Expects Unemployment Increase           &                     &                     &                     &       2.046\sym{***}&       1.706\sym{***}&       1.870\sym{***}\\
                                             &                     &                     &                     &     (0.609)         &     (0.608)         &     (0.583)         \\
Mean Expects Unemployment Decrease           &                     &                     &                     &      -0.194         &      -0.375         &      -0.412         \\
                                             &                     &                     &                     &     (0.801)         &     (0.829)         &     (0.827)         \\
No College                                 &                     &                     &                     &                     &      -1.138\sym{**} &      -1.120\sym{**} \\
                                             &                     &                     &                     &                     &     (0.469)         &     (0.496)         \\
No College $\times$ Inflation Expectation  &                     &                     &                     &                     &      -0.497\sym{***}&      -0.496\sym{***}\\
                                             &                     &                     &                     &                     &     (0.106)         &     (0.112)         \\
No College $\times$ Inflation Uncertainty  &                     &                     &                     &                     &       0.427\sym{***}&       0.403\sym{**} \\
                                             &                     &                     &                     &                     &     (0.157)         &     (0.163)         \\
Mean Log Household Income $\times$ Inflation Expectation&                     &                     &                     &                     &                     &      -0.183\sym{***}\\
                                             &                     &                     &                     &                     &                     &     (0.042)         \\
Mean Log Monthly Payments $\times$ Inflation Expectation&                     &                     &                     &                     &                     &      -0.013         \\
                                             &                     &                     &                     &                     &                     &     (0.016)         \\
Mean No Mortgage Indicator $\times$ Inflation Expectation&                     &                     &                     &                     &                     &      -0.198\sym{**} \\
                                             &                     &                     &                     &                     &                     &     (0.095)         \\
Constant                                     &      -0.816\sym{*}  &      -2.103         &      -1.994         &      -1.434         &      -1.433         &      -1.653         \\
                                             &     (0.495)         &     (1.581)         &     (1.662)         &     (1.517)         &     (1.719)         &     (1.688)         \\
\midrule
Correlated Random Effects                    &          No         &          No         &          No         &         Yes         &         Yes         &         Yes         \\
Chi$^2$                                      &       10.35         &      101.18         &      108.12         &      772.42         &      873.30         &      933.21         \\
P Value                                      &        0.66         &        0.00         &        0.00         &        0.00         &        0.00         &        0.00         \\
Sample Size                                  &        1084         &        1084         &        1084         &        1084         &        1084         &        1084         \\
\bottomrule \caption*{\normalsize \doublespacing Standard errors in parentheses. \\ \textit{Note:} Each column includes time fixed effects. All means refer to within-subject means. Robust standard errors are clustered at the level of the individual respondent. \sym{*} \(p<0.10\), \sym{**} \(p<0.05\), \sym{***} \(p<0.01\)}
\end{longtable}
}
